Billionaire Eric Sprott Just Issued One Of The Most Ominous Warnings Of 2015…”There are so many institutions and governments where the obligations just keep going up and there is no way of paying for them. They will fail.”
KingWorldNews.com
May 22, 2015
Today billionaire Eric Sprott spoke with King World News and issued one of the most ominous warnings of 2015.
Eric King: “Eric, the West is literally drowning in debt and yet you have bond markets trading in the West at ridiculous levels. It’s one of the greatest bubbles in history. But the reality is if that bubble pops and bonds go in the other direction, the West is going to be bankrupt because they couldn’t afford to pay the interest on the debt. So the (Western) governments are essentially rigging these markets. We even have negative yields in Europe. The whole thing is preposterous but everyone wants to know: What is going to cause this madness to end? Because if the West lets those bond markets go, the game is over.”
Sprott: “Well it could be, Eric, that they do lose control of the bond market because it gets bigger all the time, so you need more and more central buying of bonds. You made the comment that ‘they (Western nations) will go bankrupt.’ Look, as far as I’m concerned, they are bankrupt….
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